Just too much volume. People gonna FOMO in and the whales gonna get a nice lil liquidity short.
Wont be a big drop imo, but there will be one. Possibly a fake breakout wick and back down for a slight retracement.
Majority of retail will see this and add more funds. Plenty are already in drawdown so they cant continue to push price too far too fast.
Short Bias.
Wont be a big drop imo, but there will be one. Possibly a fake breakout wick and back down for a slight retracement.
Majority of retail will see this and add more funds. Plenty are already in drawdown so they cant continue to push price too far too fast.
Short Bias.
Comment:
Ay im 20x short and yall got my PnL bleeding rn lmaoo. Imma hold my line though, still short.
Comment:
Result of the pump into resistance. Order Book was easy to see through. This was more a psychological short rather than technical. Huge 4H wick which trapped a lot of buyers - for now. Currently +103% and price has reached the 38% fib so Ill be taking some profit.
Result of the pump into resistance. Order Book was easy to see through. This was more a psychological short rather than technical. Huge 4H wick which trapped a lot of buyers - for now. Currently +103% and price has reached the 38% fib so Ill be taking some profit.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
